Economit Journal
Vol 4 No 2 (2024): Economit Journal: Scientific Journal of Accountancy, Management and Finance: (May

Assessing the Effectiveness of Green Business Practices on Nigerian Economic Sustainability: A Study of Dawaki Groups, Kano, Nigeria

Nduji Romanus (Department of Business Administration, Veritas University, Abuja, Nigeria)
Marcus Garvey Orji (Sustainable Development Centre, University of Abuja, Nigeria)
Oriaku Chris (Department of Business Administration, Ave-Maria University, Abuja, Nigeria)



Article Info

Publish Date
25 May 2024

Abstract

The objective of this study is to assess the effectiveness of green business practices on Nigerian Economic Sustainability, with particular emphasis on Dawaki Groups, Kano, Nigeria. The study sought to achieve these sub objectives: determine the extent to which green product development affects the economic responsibility of Dawaki Groups, establish the extent to which waste reduction has an effect on the environmental responsibility of Dawaki Groups and identify the extent to which corporate partnership has influenced the social responsibility of Dawaki Groups. The population was 952 and a sample size of 281 was determined using Taro Yamani. Data were collected via online questionnaire. Linear Regression analyses were used to test the hypotheses. The findings revealed that green product development has a significant effect on the environmental responsibility of Dawaki Groups, Kano (sig =0.000 < 0.05, R2= 0.493 and t-statistic= 15.971), Waste reduction has significant effect on the environmental responsibility of Dawaki Groups, (sig =0.000 < 0.05, R2= 0.027 and t-statistic=2.707) and also Corporate partnership has a significant influence on social responsibility of Dawaki Groups,(sig =0.000 < 0.05, R2= 0.260 and t-statistic=9.582). The study concluded that the implementation of green business practices, principles and processes will lead to very positive outcomes that will be visibly manifested in the organization and the environment. The study therefore recommended that green business practice is the most potent alternative for dealing with environmental challenges as well as dealing with all performance problems of business firms.

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Journal Info

Abbrev

economit

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Subject

Description

Economit Journal: Scientific Journal of Accountancy, Management and Finance is an international journal using a peer-reviewed process published in February, May, August and November by Britain International for Academic Research Publisher (BIAR-Publisher). Economit welcomes research papers in ...